Agricultural Income and Taxation Rules in India 2025
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- by MI
Agriculture continues to be a backbone of the Indian economy, and the government provides special income tax exemptions to support farmers. However, agricultural income is not entirely free from the income tax framework. In 2025, the rules for agricultural income taxation in India remain largely consistent, with certain clarifications and compliance requirements. This blog explains the latest taxation rules, exemptions, and filing procedures for agricultural income in India 2025.
Impact of GST 2.0 on Income Tax Collections in India: 2025 Analysis
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- by MI
The implementation of GST 2.0 in India marks a significant step towards tax simplification and improved compliance. While GST primarily affects indirect taxation, it also indirectly influences income tax collections by impacting taxpayer behavior, business growth, and compliance efficiency. This blog explores the short-term and long-term effects of GST 2.0 on income tax collections in 2025.
Section 87A Rebate: Eligibility and Tax Savings in 2025
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- by MI
Section 87A of the Income Tax Act provides a tax rebate for resident individuals with income below a certain threshold. Understanding eligibility, rebate amount, and tax-saving potential is crucial for taxpayers in 2025.
House Property and Rental Income: Taxation Rules in 2025
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- by MI
Rental income from house property is a common source of income in India. Understanding how house property income is taxed, deductions allowed, and filing rules is crucial for taxpayers in 2025. This guide covers income calculation, tax rates, exemptions, and practical examples.
How NRI Income Tax Rules Work in India: 2025 Guide
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- by MI
Non-Resident Indians (NRIs) have unique tax obligations in India. Understanding NRI income tax rules, exemptions, and filing requirements is crucial to stay compliant in 2025. This guide covers residential status, taxable income, deductions, and filing procedures for NRIs.
Capital Gains Tax in India 2025: Short-Term vs Long-Term Explained
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- by MI
Capital gains tax is a crucial part of India’s income tax system. Whether you are an investor in stocks, mutual funds, or real estate, understanding the difference between short-term and long-term capital gains is essential to plan your taxes efficiently in 2025.
Advance Tax Payment in India: Due Dates, Calculation & Penalties 2025 Guide
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- by MI
Advance Tax is a system where taxpayers pay their tax liability in installments instead of a lump sum at the end of the financial year. This ensures timely collection of taxes and reduces the burden at the time of filing the Income Tax Return (ITR). In 2025, knowing the due dates, calculation methods, and penalties is essential for compliance.
How Freelancers and Gig Workers Can Save Tax in India: 2025 Step-by-Step Guide
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- by MI
Freelancers and gig economy workers are a rapidly growing part of India’s workforce. While this offers flexibility and higher earning potential, tax compliance can be tricky. In 2025, understanding the latest income tax rules, deductions, and exemptions is essential for freelancers to optimize their tax liability.
TDS (Tax Deducted at Source) Explained: Rules, Rates & Latest Changes 2025
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- by MI
Tax Deducted at Source (TDS) is a key part of India’s taxation system. It ensures tax is collected directly from the source of income, preventing evasion and improving compliance. In 2025, several new rules and updates have been introduced that every taxpayer and business must know.
Complete Guide to Income Tax Deductions and Exemptions in 2025
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- by MI
This guide explains the most important deductions and exemptions available to taxpayers in India in 2025 (FY 2024–25 / AY 2025–26), how to claim them step-by-step, required documents, and common pitfalls to avoid.
Top Tax-Saving Investments Under Section 80C for FY 2024-25 | Best Options for Maximum Savings
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- by MI
When it comes to reducing your income tax liability, Section 80C of the Income Tax Act is the most widely used option by salaried employees and taxpayers in India. For FY 2024-25 (AY 2025-26), the maximum deduction allowed under Section 80C remains ₹1.5 lakh. By choosing the right mix of investments, you can save tax while also building long-term wealth.
Income Tax on Salaried Employees: Deductions, Rebates, and Exemptions 2025
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- by MI
The financial year 2024–25 (Assessment Year 2025–26) brings several important updates for salaried employees in India. With reforms in the Income Tax Act, choosing between the old tax regime and the new tax regime is crucial for maximizing savings. This guide explains deductions, exemptions, rebates, and also compares tax slabs under old vs new regime in 2025.